Netflix’s Posts a Strong Quarter, United Technologies Is Mixed, and 3 More Hot Stocks
Netflix, Inc. (NASDAQ:NFLX): Shares are cooling after an impressive stock surge in the wake of Netflix’s earnings on Monday night. The U.S. streaming margin was 23.7 percent, up 120 bps over the last quarter and up 450 bps over last year. The unit had a contribution profit of $166 million. EPS of 52 cents beat by 3 cents as revenue of $1.1 billion fell in-line. Netflix added 1.29 million subscribers domestically during the third quarter, compared to the 630,000 that it logged for the second quarter. Total U.S. subscribers at the end of the quarter was 31.09 million, against the 30 million expected.